HomeMy WebLinkAbout1996-10-22; City Council; Resolution 96-350i
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RESOLUTION NO . 96-350
A RESOLUTION OF THE CITY OF CARLSBAD, CALIFORNIA,
APPOINTING FELDMAN ROLAPP TO ACT AS FINANCIAL ADVISOR
TO THE CITY OF CARLSBAD ON THE DEVELOPMENT OF A
FINANCING PROGRAM AND THE ISSUANCE OF ANY DEBT TO
FINANCE THE CARLSBAD MUNICIPAL GOLF COURSE.
WHEREAS, the City of Carlsbad has been diligently pursuing the construction of a
municipal golf course to serve the recreational needs of the citizens of Carlsbad; and
WHEREAS, the City of Carlsbad may elect to issue one of several forms of debt to
provide the financial resources necessary to fund the construction of a municipal golf course;
and
WHEREAS; the City of Carlsbad may need to seek the advice of a financial consulting
firm with experience in golf course fimding strategies from time to tie as a final financing plan
is developed; and
WHEREAS, the City of Carlsbad will require the services of an experienced financial
advisor to assure that any debt issue structured to achieve these goals will be consistent with all
of the expectations of the bond market, will receive a favorable bond rating, and will be able to
be sold at the most favorable interest rate possible; and
WHEREAS, the firm of Fieldman Rolapp has the necessary expertise to assist the City
with this financing.
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NOW, THERFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
California, that the Mayor is hereby authorized to execute the agreement with the firm or
Fieldman Rolapp for financial advisor services.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on
the - 22nd dayof OCTOBER , 1996, by the following vote, to wit:
AYES: Council Members Lewis , Nygaard, Kulchin, Finnila, Hall
NOES: None
ABSENT: None
ATTEST:
; >.G Jj<&+j-?< 2. ; \ G,,*&: ,’&-
kEETHA L. KAUTENKRihZ, City Clerk \
(SEAL)